Recent content by mikestachurski

I acquired them legally over the years via mainstream exchanges... so the answer is no Leave EU and go where... there is no guarantee that moving to Bali or Malaysia will change anything they might put the same crazy rules there in 1-2-5-years time and f**k people over

It is easier said than done... When you single or with no kids yes but with many ties like I do - work, friends, owning a house here, kids in school is not as easy to just leave and go where?

Yeah that is the 'problem' I am trying to avoid wealth tax and capital gains tax... I will worry about the distribution of profits later. I need to find someone who knows how to set up a structure like that where e.g. Holding BV would own shares in an Estonian company which would passively hold...

Hi everyone, I hold a substantial amount of wealth in Bitcoin. For those unfamiliar with the Dutch tax system, if you keep your wealth private, you're subject to an annual wealth tax of approximately 2.25% of your net worth. I earn a good salary, but not enough to cover this wealth tax without...

Yeah I read that they might struggle to hit the deadline of Jan 2027 but I still struggle o understand what kind of tax system we will have in NL in the near future? - Capital gains tax only (like in most EU) - Improved box 3 (based on actual gains) - meaning they will tax unrealised profits +...

So as of today (21st Sep 2024) NL have box 3 tax (wealth tax) which is based on the presumed returns. The effective tax rate is roughly 1.75%. But they plan to change this system (due to the Supreme Court Ruling) to be based on actual returns rather than presumed returns + they talk about...

Thanks in theory one of the 'recommendations' is to keep part of the wealth in crypto on your own cold storage out of the radar of NL tax authorities... the only challange is to off-ramp it into fiat in the future... I am pretty sure if 1m euro would appear from nowhere on ABN AMRO that would be...

Is that confirmed? So there will be two new taxes replacing the current 'low ish' wealth tax?

Thanks it looks like that non-dom would benefit me if I hold 'old school' assets as you mentioned e.g. dividend paying stocks but crypto is taxed. Good luck with UK becoming the global crypto hub :/ Well it looks like that I will have to change tax residency status to check out (Portugal or...

If that put me in the Dutch Tax system it would not be bad there is no Capital Gains Tax in NL :) but to be taxed in NL I would have to live again in NL and I am in UK and will remain here (at least for now) Well as mentioned probably the only way would be to change the tax residency to...

Thanks for sharing

HMRC doesn't know about crypto. I wasn't sure how much European banks are talking with each other + with other countries tax offices but from what you wrote they do. I don't think that this will help in any way but my Dutch account I would be exiting to still have my NL address attach to it...

Hi, I live in UK and is considering to get non-dom status. I am wondering if it going to give me a possibility to cash out from crypto without paying capital tax gains in UK? I would be cashing out to bank account in EU (euro) and would not bring that money to UK I would buy a house in Spain or...

I am aware of wealth tax which is more like 1.5%-1.75% annually and it is applicable on any asset not only strictly related to crypto. In my opinion it is still better than 15-20% sometimes more (depending on the country) capital gains tax you have to pay and if you offset your wealth with debt...

Hi, If you going to use uncle google or youtube you will quickly find loads of content/videos talking about Crypto friendly countries and very often they are mentioning places like Dubai, Singapore, Malaysia, Portugal, Cayman Islands etc..... but for some reason (and I am hoping to get...